Notes Payable - What is it, Types, Examples, Journal Entry
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Mountain Water, Corp., issued common stock of 28,000 to pay off long-term notes payable of 28,000. In what section(s) would these transaction be recorded? a. Financing activities payment of note ( 28,000) b. Financing activities cash receipt 28,000 c. Noncash investing and financing activities 28,000 d. Both a and b are correct | Numerade
Mountain Water, Corp., issued common stock of 28,000 to pay of…
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